Oftentimes the best time to get into an asset is when the so-called experts are knocking it down. The one positive thing about the recent market downtrend is that it has allowed bitcoin to establish a base from which to launch once there is more regulatory clarity from the government.
Last year when Jamie Dimon called out bitcoin to be a fraud, price went down and more bad news came which resulted to a bear trend making many people panic thinking that bitcoin is dead. Later on when it has lose half of its value from all-time high, Jamie Dimon's bank was traced buying bitcoin and it has open the eyes of people that they are just spreading FUD to buy the coin cheaper that's why the so-called experts who are always criticizing bitcoin have lost their reputation to the crypto enthusiasts.
Blackrock worlds largest asset management company showing interest in cryptocurrencies is a good sign for cryptocurrencies we can see a positive sign of growth in future with big financial firms coming in crypto currency
Later on more big companies would be engage in cryptocurrencies. It is here to stay and even if other countries are not considering to accept it now, they would eventually give in when they see that the rest of the world open their countries to crypto. They just need a regulation for it so that what they are afraid of will not happen.